{ "item_title" : "Outside the Business", "item_author" : [" James R. Ustby Cfp "], "item_description" : "Your company may be your largest asset. It shouldn't be your only one.Many business owners treat the company retirement plan as an employee benefit. For an owner, the right plan can also be one of the most structured ways to build wealth that doesn't depend on the business, year after year, before any buyer calls.Outside the Business is a plain-English guide to the retirement plans available to business owners, written for profitable owners of S corporations, professional practices, family companies, and holding companies, and for owners who have recently sold. Every dollar limit is labeled by tax year and cited to its IRS source.Inside, you'll learn: How to choose the right plan for your business: solo 401(k), SEP-IRA, SIMPLE IRA, safe harbor 401(k), profit sharing, or cash balance planHow the solo 401(k) really works by entity type, including S corporation salary, sole proprietor earnings, Roth options, and Form 5500-EZHow safe harbor designs help owners avoid failed ADP/ACP tests, and what they cost using your own payrollHow profit-sharing formulas, including new comparability, decide who gets whatHow cash balance plans work, what they commit you to, and when they are not worth itWhat plans cost, and the federal startup tax credits that can offset those costs for smaller employersWhat happens to each plan when you sell your company: due diligence, the successor plan rule, and cash balance terminationRollovers, Roth conversions, and RMDs after a saleHow to run the plan as a fiduciary, with an annual calendar and a 12-question Owner's Plan ScorecardEvery example is hypothetical. No contribution amount is presented as achievable; plan capacity depends on your facts and must be determined by your plan professionals.Outside the Business is Book 2 of The Owner's Wealth Series, following Before You Sell. Written by James R. Ustby, CFP(R), APMA(R), a Wealth Advisor with LPL Financial.For educational purposes only; not tax, legal, or investment advice. Securities offered through LPL Financial, Member FINRA/SIPC. Investing involves risk, including possible loss of principal.", "item_img_path" : "https://covers3.booksamillion.com/covers/bam/9/79/816/450/9798164505646_b.jpg", "price_data" : { "retail_price" : "16.99", "online_price" : "16.99", "our_price" : "16.99", "club_price" : "16.99", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

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